At its annual Influencer’s Summit in Boston, SAP offered multiple perspectives on where the company’s strategy and products are heading. Overall, I was struck by the essential similarities to its message on its strategic direction a decade ago. The overarching objective in its roadmap now, as then, is to have information technology increasingly adapt to the needs of individual users and how they choose to execute established/repetitive or ad-hoc processes, rather than forcing them to adapt to...
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Topics:
Performance Management,
Planning,
Predictive Analytics,
Sales Performance,
SAP,
Supply Chain Performance,
ERP,
GRC,
Office of Finance,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Mobility,
Business Performance,
Cloud Computing,
Enterprise Software,
Financial Performance,
In-memory,
Mobility,
Workforce Performance,
finance,
Risk,
Financial Performance Management
I thought of writing a note on this topic when multinational corporations started to withdraw their deposits from eurozone banks, but the pessimism that event engendered was short-lived. Now, as the monetary crisis deepens in Europe, it’s perhaps time to ask what your company would do if parts of its financial system implodes. You may think that your company will not be affected because it doesn’t do business with the eurozone. Or you may believe that it’s unlikely to happen and therefore not...
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Topics:
Big Data,
Performance Management,
Planning,
Sales Performance,
Social Media,
Supply Chain Performance,
Modeling,
Office of Finance,
Budgeting,
contingency planning,
crisis,
driver-based,
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Mobility,
Business Performance,
Cloud Computing,
Customer & Contact Center,
Financial Performance,
Workforce Performance,
best pracices,
business value,
cash management,
challenge,
financial planning
Doing one’s homework is vital in buying business software. However, unless you’re replacing a relatively simple application, it’s hard to know exactly what to evaluate. Indeed, if people in a company given this task don’t have experience in using a specific type of business application or don’t understand how new or improved functionality will help execute business processes better, they may do a poor job of assessing the available alternatives. Third-party consultants may be helpful, but their...
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Topics:
Performance Management,
Sales,
Sales Performance,
Human Capital Management,
Office of Finance,
Zilliant,
Model N,
Navetti,
Nomis Solutions,
PROS Pricing,
Servigistics,
Signal Demand,
Operational Performance,
Analytics,
Business Analytics,
Business Performance,
Customer & Contact Center,
Financial Performance,
Oracle,
Vendavo,
Price Optimization,
Profitability,
Software,
Vistaar Technologies
I believe that one of the more important analytical applications that a company can implement is profitability management. IBM Cognos offers Profitability Modeling and Optimization as part of its Cognos 10 offering that my colleague has assessed. As I’ve noted, most people in a corporation are focused on profitability, but not necessarily in a way that optimizes results across the organization in a day-to-day, consistent fashion. Those responsible for each component piece that contributes to...
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Topics:
Performance Management,
Sales Performance,
Forecast,
Modeling,
Office of Finance,
enterprise profitability management,
Operational Performance,
Business Analytics,
Business Performance,
Financial Performance,
IBM,
Workforce Performance,
Cognos,
Financial Services,
Profitability
At first thought, it seems as if having a mountain of cash to manage is a problem most companies would like to have, but it’s a real problem nevertheless. To be sure, the large majority of companies are able to deal with their cash and short-term and longer-term monetary investments because the amounts are small enough to be manageable. Indeed, many companies, especially smaller ones, face the opposite problem and spend more time focused on their uncertain funding requirements. Still, over the...
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Topics:
Performance Management,
Office of Finance,
credit,
Tax,
Business Analytics,
Business Performance,
Financial Performance,
Risk,
cash management,
GAAP
As its name suggests, demand-based pricing is a method that uses the buyer’s demand, based on an estimate of a good’s or service’s perceived value to the buyer, as the central element in setting price. Pricing strategies are most important because they can have a disproportionate impact (positive and negative) on a company’s bottom line. Managing prices has always been an activity of keen interest, but it has become even more so over the past decade as a result of the constrained pricing...
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Topics:
Performance Management,
Sales,
Sales Performance,
Human Capital Management,
Office of Finance,
Operational Performance,
Analytics,
Business Analytics,
Business Performance,
Financial Performance,
Price Optimization,
Profitability,
Software
I hadn’t thought about the exact definition of “driver-based planning” until the question came up in the context of our planning benchmark research showing that only 6% of companies with more than 100 employees do driver-based planning. Broadly defined, the term could be applied to the use of any spreadsheet-planning model because these almost always have built-in volume-times-price formulas, which are components of driver-based plans. However, this is not what most people have in mind when...
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Topics:
Big Data,
Performance Management,
Planning,
Sales Performance,
Modeling,
Office of Finance,
Budgeting,
driver-based,
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Performance,
Financial Performance,
Workforce Performance,
best pracices,
business value,
cash management,
challenge,
financial planning
The HR Technology Conference and Expo in Las Vegas that begins today will showcase an array of new business technology innovations for human capital management and talent management. The business technology to help human resources professionals is evolving dramatically, and this is a place for HR and workforce management professionals to find new methods that help increase productivity and optimize business outcomes. Early this year our firm defined five business technology innovations that...
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Topics:
Mobile,
Performance Management,
Social Media,
Human Capital Management,
Metrics,
Recruiting,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Mobility,
Business Performance,
Cloud Computing,
Financial Performance,
Workforce Performance,
Compensation,
Talent Management,
Workforce Analytics,
Digital Technology
The HR Technology Conference and Expo in Las Vegas that begins today will showcase an array of new applications for talent management. The array of applications and advancements to help human resources professionals is evolving dramatically, and this is a place for HR and workforce management professionals to find new methods that help increase productivity and optimize business outcomes. The five business technologyinnovations that will be vitally important in this decade for HR as well as...
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Topics:
Mobile,
Performance Management,
Social Media,
Human Capital Management,
Metrics,
Recruiting,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Mobility,
Business Performance,
Cloud Computing,
Financial Performance,
Workforce Performance,
Compensation,
Talent Management,
Workforce Analytics,
Digital Technology
The HR Technology Conference and Expo in Las Vegas that begins today will showcase an array of new applications for talent management. The array of applications and advancements to help human resources professionals is evolving dramatically, and this is a place for HR and workforce management professionals to find new methods that help increase productivity and optimize business outcomes. The five business technologyinnovations that will be vitally important in this decade for HR as well as...
Read More
Topics:
Mobile,
Performance Management,
Social Media,
Human Capital Management,
Metrics,
Recruiting,
Business Analytics,
Business Collaboration,
Business Mobility,
Business Performance,
Cloud Computing,
Financial Performance,
Operational Intelligence,
Workforce Performance,
Compensation,
Talent Management,
Workforce Analytics,
Digital Technology